ATM Machine Guide
ATM Machine Lease – Weighing the benefits of an ATM Lease
Are you thinking about buying or leasing an ATM machine to place
in your business or as an additional source of income? Before
you make your decision, weigh the pros and cons of both leasing
and buying. You might find that leasing is a better option for
the particular needs of your business.
What kind of things do you need to consider? First of all, what
kind of service agreement will you have if you choose to buy an
ATM? Are you responsible for all repairs? Is there any kind of
warranty? Where is the closest service repair person?
If you buy, you may be responsible for all future repairs. There
is generally a warranty period on at least part of the machine,
but don’t take those things for granted. Make sure you understand
your agreement before you buy.
The same goes for leasing: make sure you understand the lease
agreement before you sign off on it. Generally speaking, you may
receive more repair assistance if you lease the equipment but
read your contract closely. Are there charges for late lease payments?
What if the machine does not perform as you had hoped? Is there
a clause in the agreement that will allow you to opt out if necessary?
Look at the total price before you get infatuated with the low
monthly price of a lease agreement. Look at these examples. If
you can buy an ATM machine and service outright for $10,000, don’t
be taken in by a $1000 a month lease. That would end up costing
you an additional $2000 more in the first year alone than the
purchase. Plus, to continue that lease agreement means you will
have to pay that $1000 a month the following year, too (unless
the cost goes up). So, while $1000 a month certainly sounds nicer
than $10,000, the lease will cost more in the long run. Not all
leases are the same, though, so you should evaluate your options
Talk to your accountant to see which would be a better deduction
for your business. Do you need a monthly payment to claim as a
business expense for your taxes next year? How much of the monthly
lease payment can you deduct? Can you deduct more if you buy it
outright? Your accountant can tell you if it is more beneficial
for you to buy or lease an ATM machine and will also be able to
outline a few more pros and cons related to ATMs as business expenses.
Take a little time to investigate your options before you choose
to either buy or lease an ATM machine. Making an educated decision
now will mean you will likely be more satisfied with your choice
months down the road. Don’t let a sales rep rush you into
a decision. Remember, it’s his or her job to sell. Insist
on taking your time, asking questions, reading information and
talking with other customers about their experiences with the
company from which you are considering either leasing or buying.
ATM Sales - Buying ATM Machines can be tricky. What should you
If you’ve ever considered buying an ATM machine, but think
the ATM sales business is probably too complicated, think again.
While there’s going to be a learning curve, this is a business
that can be learned by anyone who has a tendency toward entrepreneurship.
Start with the basics. Take a look at the major manufacturers
of ATM machines, and those who advertise themselves as ATM sales
companies. You should expect from these companies the exact same
service you’d expect from anyone offering a product –
competitive prices, service after the sale, technical assistance
and the ability to upgrade.
Remember that ATM machines exist simply because of two things
– the demand for convenience and the technology to make
that need a reality. That brings you to one of the things you
should demand from a company touting ATM sales. Ask about the
machine’s versatility. If the company comes out with a new
technology – the ability to wash clothes while the customer
waits for a completed transaction, for example – will the
machine you’re looking at be able to handle the uploads?
That’s certainly an exaggeration of the service you’d
expect from an ATM machine, but a few years ago ATM owners probably
thought tickets sales were also an impossible service. Today,
ATM machines serve as ticket kiosks and more.
Take time to compare prices, but don’t necessarily look
only at price. Some companies offer lease purchase options, or
even a “rental” opportunity. Those may very well what
you need to get you started in your business endeavor.
With almost any business enterprise, service after the sale is
vital. If your machine is down, people will remember it as an
unreliable location. Not only will you lose that day’s transactions
and the accompanying profits, you’ll also lose in the future
because the customer who doesn’t successfully complete a
transaction is likely to find another ATM location for their next
Some companies offer a network of technicians to help you keep
your machine maintained. This isn’t necessarily part of
the ATM sales process, so keep it in mind as you choose a company
to purchase your ATM machines from.
Locations are another important issue to consider as you look
into the potential of getting an ATM machine or expanding your
current network of machines. Some companies offer to help you
find locations, but others simply offer up the product, leaving
the location to you. If you’re opting to take over an existing
location, you should probably get a look at the previous owner’s
profit margin, if possible.
That location may be important for another reason. If it’s
a “through the wall” ATM machine, you’re probably
going to have to have a machine that fits that existing spot.
Some ATM sales companies tout their ability to retrofit machines
so that you can use any existing space.
There are many things to consider as you look at purchasing an
ATM. Remember that there’s profit to be made, but don’t
think that the money is simply going to roll in without your input
at all. From periodically checking machines to maintenance, you
have to be willing and able to invest some time as well as the
initial financial investment. But if you do your research, and
choose your ATM sales company carefully, you’ll find out
why so many people are opting to go into business with an ATM
ATM Distributors – Why ATM distributors must be there before
and after the sale
Why must ATM distributors be there for clients both before and
after the sale? The answer is simple.
Good customer service – before AND after the sale –
brings about repeat customers and referrals. And remember, the
customer is a powerful person. If the customer has one bad experience,
you can believe he or she will tell any and everyone who will
listen about it. If you are trying to build a good business; bad
experiences will kill it faster than anything else ever could.
Stay on top of customer service. It begins before the sale.
If you call, write or email about your interest in an ATM distribution
program, make sure the company follows up as quickly as possible.
If you ask questions, they should be answered. If they don’t
know the correct answer, they should say so. There is nothing
wrong with not knowing everything. As a matter of fact, you will
probably trust the company more if they answer a question with
an honest “I don’t know, but let me find out and get
back with you by the end of the day.” If they give you a
time limit, make sure they honor it. But if they can’t find
the answer you need by the mentioned deadline, call back to inquire
and make sure all your questions are answered. Just be honest,
and you will get your business relationship with the ATM company
off to a great start.
Now that you have chosen an ATM company and bought your ATM product
or services, the work does not stop. You must still work to keep
your ATM customers satisfied, even if your company is small and
you have to deal with a lot of other business issues. Keep in
touch with the ATM company. When it comes right down to it, they
are the people you have to communicate with. They sold you the
product. Usually you can call a service representative personally
if you ever have any trouble with customer service or repair departments
for your ATM machine. Let them know that while you don’t
anticipate any problems, you’ll be in touch if you do run
into any. With that said, make sure the ATM company you choose
follows up on your concerns and gets back to you in a timely manner.
If you’ve been trying to reach someone from tech support
but can’t seem to get through a busy switchboard, make sure
someone takes your phone number and ask someone from tech support
to give you a call. Even if it takes tech support a while to solve
your problem, you will be impressed if you get results from them.
This is how business relationships are built.
If you want to build your business, service both before and after
the sale is of utmost importance. Don’t slack on either
aspect. A satisfied customer is a long-term customer. When a satisfied
customer tells other people about his or her great experience
with you and your company, it’s better than any type of
advertising you could ever invest in.
ATM Processing – How much should it really cost for ATM
How much should it really cost for an ATM transaction? In a perfect
world, it would cost nothing. However, ATM machines cost money.
Without the charge for ATM processing, there would be no way to
reimburse the people who are out the costs. And no one wants to
be out the costs without some kind of return for it. However,
you should try to find an equilibrium price so that people will
continue to use your machine and you will begin or continue to
make a profit for your machine.
When you decide to go into business or make some extra money with
ATM processing, you should first decide if you want to own or
rent. You should then consider any additional costs for owning
and maintaining your machine. This should include any costs for
periodic maintenance, time spent on the machine, and any costs
that you will need to pay to any outside parties. The costs of
owning and maintaining an ATM machine will vary from owner to
owner. You just take into account the costs that you may incur.
After you figure out how much cost you will incur on a regular
basis, you should decide on a possible scenario for how much your
machine will be used. The first step in doing this is surveying
the traffic around your machine. This is one thing to consider
when you are choosing a location to put your machine. One thing
to make sure is that people will realize that your machine is
there. No one can use a machine that they don’t know exists.
If you are putting your ATM machine in a place that has a lot
of traffic, especially foot traffic, the likelihood of people
using your machine increases. Also, if there is a reason why people
in the area around your machine would need extra money, the transactions
are likely to increase. All of these factors are important because
when more people use your machines, you can afford to charge them
After you figure out what reasonable pricing with the competition
seems to be, see if you can meet or beat it. However, you still
have to keep the charge high enough to make a profit. But if you
charge less and more people come, you still have the potential
to make more. This is the whole point of competitive pricing.
When you are pricing your transaction fees, you should compare
your fee to the competition’s, especially if any other machines
are in a close proximity. No one will use your machine if they
are charged more at yours than at the one around the corner. However,
even if yours is the only machine for miles and miles, you shouldn’t
charge way more than other machines. People will then use your
machine only in emergencies in that case.
The main point that you should remember when pricing your ATM
machine’s processing transaction, is to charge enough to
cover your routine costs and make a profit without going above
the competition’s pricing. If you can’t do this, don’t
ATM Business - How to get in on the ATM machine business phenomenon
One of the first things you should realize before you dole out
the cash to get an ATM business off the ground is that simply
having the ATM machine isn’t going to do you a bit of good.
The person who has a dozen ATM machines in the garage is no more
in the ATM business than the person with no ATM machines at all.
So what does it take to get an ATM business started?
The three most important rules of real estate apply to the ATM
business opportunity. It’s all about location, location
and (of course) location. If you have poor positioning for your
ATMs, you’ll probably not do much better than if you had
them in your garage.
So the first step is not only to find the machines, but to decide
what you’re going to do with them once you have them. Some
ATM manufacturing companies offer help finding locations, and
some ATM franchise companies offer help finding the machines.
Which way you start is merely a point of personal preference.
If you choose a franchise, keep in mind that there are likely
to be some franchise rules you’ll be expected to follow.
The extent of these rules will depend on the franchise because
there is no typical franchise contract. Each franchise parent
company sets rules for themselves, and those decisions are up
to the franchiser as long as they don’t violate any rules
governing the use of ATM machines.
Franchises do often offer one major benefit in the form of support.
A franchise parent company may very well be able to train you
in the management of your ATM business, down to bookkeeping and
maintenance of machines.
The reliability of your ATM machines will depend largely on your
manufacturer – some are simply at the top of game in this
sector while others aren’t. You may find that the cheapest
source of ATM machines isn’t the best source. Here’s
why reliability is such an important factor in your effort to
start an ATM business.
If a consumer is headed to an ATM machine, it’s probably
because he or she needs cash. It may be for an impulse purchase
or for an emergency car repair – but the fact remains that
the person is looking for money. If your ATM machine isn’t
working on that particular day (or worse, malfunctions mid-transaction),
that person will probably be able to go to another ATM machine
to get the cash they need. You’ve lost the profit from that
particular transaction. But worse, you’ve probably lost
future transactions because that person is going to remember your
ATM as the one that didn’t work, and won’t even bother
to stop there next time.
After choosing the manufacturer and locations for your ATM business,
you’ve still got some hurdles to clear. You’ll have
to set up a routine of servicing machines (whether you do it yourself
or hire it to be done). You need to have a regular maintenance
program in place, and to have a plan for when problems occur.
Setting up an ATM business isn’t a process that’s
going to be completed and off the ground in an hour or two, but
just take a look at the number of successful ATM businesses in
existence. This is an endeavor that’s likely to be well
worth your time, effort and financial investment.
Cashless Scrip ATM machines - How Cashless Scrip ATM Machines
Can Work For You
The words “cashless” and “ATM machines”
simply don’t seem to belong in the same sentence. After
all, what service could a cashless ATM possibly offer? Actually,
cashless scrip ATM machines are becoming more widely acceptable,
and offer one of the most important things to the merchant –
the potential for higher earnings. Take a look at the concept,
how it works and how you can put it to work for you.
In reality, the concept has nothing to do with not spending or
receiving money, but with spending money without using cash or
writing a check. Instead, the customer simply swipes a card and
the transaction is completed. While it’s fairly common already
to have credit and debit card terminals set up at checkout stands,
one point to keep in mind is that these transactions come with
a price. Typically, the merchant pays a set fee for each transaction.
So what if you could eliminate the transaction fee? What would
it be worth to you? Before you answer, stop to consider how much
that fee is currently costing you. If it’s a flat fee of
fifty cents per transaction, for example, would it be worth fifty
cents if that fee didn’t apply? And what if you could then
use that transaction fee – in whatever amount you choose
– to encourage the shopper to return? This is one of the
benefits of cashless scrip ATM machines.
So are these ATM points free? Actually, the customer pays a convenience
fee, just as they would if they used a traditional ATM machine.
So where’s the advantage? When people are shopping, they’re
typically not worrying about a dollar (or even two or three) that
they’ll be charged for using an ATM machine. The same is
typically true of the transactions on cashless scrip ATM machines.
In marketing, “soft benefits” is the term given to
some benefit of shopping in a particular place. If you, as the
merchant, can offer your transaction fee back to the customer,
it might be just the slight incentive needed to encourage that
customer to make a return visit. Even though the actual cash amount
isn’t likely to be significant, you’re building good
will – a feeling that will likely remain with the customer
long past the moment when the last bit of wrapping paper is being
crammed into the trash.
Other benefits of cashless scrip ATM machines are evident in
the environment. The customer will typically receive two receipts
for the transaction, but other paper receipts are eliminated.
The result is less need for paper and less paper to throw in the
trash – both good ideas for the environment.
Finally, you can point out the ultimate convenience of this type
of transaction. Checkouts are faster because your customers aren’t
standing in line writing checks. Approval is almost instant and
there’s no need to make change. If you, as a merchant, are
able to offer the very cutting edge of technology as a means to
convenient shopping, your customers are going to remember you.
Triton ATM Machines - Why Triton ATM machines are worth every
If you’ve ever given a second thought to the ATM machine
you use, you’ve probably stopped to think about it because
of a malfunction or “out of service” notice. Nothing’s
more frustrating than needing cash when you can’t get it,
and no company is more dedicated to building and maintaining quality
machines than Triton. That means that Triton ATM machines are
among the most reliable you’re likely to find.
The key to any successful business endeavor is profit. That may
come in the form of growth, expansion or good management that
keeps profits high. The Triton company periodically issues press
releases that indicate the company is continually working on several
levels to be sure both the company and those who own Triton ATM
machines garner those needed profits by being always ready to
serve your needs. Because the company is successful, you know
that you can depend on Triton ATM machines.
But what can be so difficult about managing a network of ATM
machines? Consider the recent rash of hurricanes in the southern
United States. If you owned an ATM machine in those areas, what
would you have done to prepare? Most people have no clue, but
the Triton company was on top of the situation well before the
first hurricane hit land. Plans were in place to keep the machines
serviced as long as possible, and to cash them out when the time
came. In addition, Triton ATM machines were put back into operation
as soon as possible.
Does this kind of planning make much difference in the long-term
profitability of the company and those who own Triton ATM machines?
Of course it does. A person who really needs cash wants to know
that the ATM machine he/she chooses will be able to meet those
needs. The people who find they could rely on Triton ATM machines
in times of disaster will be more likely to go back to those machines
for their everyday ATM needs.
But it doesn’t stop there. Triton ATM machines are durable,
attractive and are built to meet with applicable laws and regulations.
Think that should be enough? Triton even promises service and
maintenance after the sale, meaning that problems will be discovered
and fixed with a minimum of down time.
It all adds up to mean that you’ll find one of the Triton
ATM machines that’s perfect for any location you have in
mind. And the Triton name will attract the most important customers
you could possibly hope for – the returning ATM user.
One point made by Triton is that the needs of customers who use
ATM machines change. That’s why it’s great that you
can choose from Triton models that give you a basic package, but
you are given the option to upgrade the services if the needs
of your customers change.
Think you have physical size requirements that are going to limit
your options? Think again. Even if you have an existing wall opening
of specific dimensions, you can choose to have Triton ATM machines
fitted to the size needed.
Tranax ATM Machines – Cash To Go
For more than two decades, Tranax has been making self-service
technology that works. It’s this commitment to excellence
that’s made Tranax a popular option when it comes to ATM
If you’re considering setting up an ATM or adding to your
existing network of ATMs, you have to ask yourself a couple of
questions. What is it that makes ATM machines profitable? What
can cut down those profits? What can you offer that will make
people pass up some other ATM to choose your Tranax ATM machines?
One of the reasons people use ATM machines at all is convenience.
Every single thing you can do to add to that convenience increases
the potential that your ATM will be profitable. That means that
you may very well need to check out Tranax ATM machines to see
what innovations make these even more convenient.
Maybe you’re not even looking for a network of ATMs, but
are looking for a way to make your existing business more profitable.
Think an ATM can’t help?
One of the innovations that emerged from Tranax is the combination
ATM and ticketing kiosk. Just consider the problem some people
face at movie theaters. It’s not until they arrive that
they realize that they don’t have enough cash for movie
tickets. They may very well scramble around to find an ATM machine,
or they may simply go to a video store that will accept their
credit or debit card and take their evening’s entertainment
home - unless you can make it easy to overcome this problem.
With a combination ATM and ticketing kiosk from Tranax, you can.
What can be easier than using the ATM machine to pay for the desired
tickets AND get enough cash for popcorn and a soft drink? This
is just one of the many options you’ll get with Tranax ATM
You’ll find Tranax ATM machines that offer coin exchange
and check cashing capabilities – all designed to help you
provide a wider array of services for your customers. And everyone
knows that the additional services translate to higher profit
But just as is true with any technology, the needs don’t
start and stop with the ATM machine, even if it is at the top
of the game. You have to find several ways to attract customers.
Tranax ATM machines are built to be located in a variety of situations,
including “through the wall” models. You’ll
also find an array of signs, stickers and other accessories to
help you attract those necessary customers, and even a surge protector
to help protect your investment from an electrical surge that
could put your ATM out of commission – resulting in lost
profits for you and a loss of confidence from your customers.
Tranax is headquartered in California. The company touts the
installation of more than 60,000 ATM machines of various capabilities.
If you’ve been thinking about the possibilities of an ATM
machine, or just hoping to add to your current ATM network, take
a look at what Tranax has to offer.
Tidel ATM Machines – When You Can’t Wait to Get Started
Have you been thinking about the potential income possibilities
of ATM machines and thinking you’d like to get in on that
action? Do you immediately follow that thought with the recognition
that you can’t possibly afford to buy those machines outright?
Take a look at Tidel ATM machines, and then look at the company’s
affordable lease-purchase options. You may find that you’re
closer to being ready to start a lucrative ATM business than you
You can choose from the very basic Tidel ATM machines to the
Tidel 3800 with multi-media capabilities. This particular machine
can meet the demands of today’s complicated transactions.
For example, the 3800 can serve as a very basic ATM, completing
cash transactions with a minimum of bother. But you may be missing
out on a very important customer base by not offering check cashing.
The 3800 can take care of those customers who need to cash specific
kinds of checks as well.
The wide-screen monitor can be used for advertising – another
potential source of income. Or you can offer up short entertainment
clips to play as your customers wait for their transactions to
be completed. Think that’s pretty incredible? Your customers
will too, especially when they find out they can purchase various
tickets and even pay for travel arrangements, all through this
one handy location.
If you think service of your ATM machine is important, you’re
right. Tidel recognizes both that service is sometimes required
and that you may prefer your own service technician over Tidel
service providers. If that’s the case, you can quickly order
and track parts through the company’s website. Just choose
the parts you need and place your order. If you wonder where the
part is, when it was mailed or when it’s due to arrive to
you, just go back to the website and check the status of the part.
It’s all designed to help your business be as profitable
If you’re looking to increase your ATM network overseas,
Tidel may very well have the answers you’re looking for.
Take a minute to consider that Tidel ATM machines are currently
located in some thirty-eight countries, according to information
Security is always an issue and Tidel ATM machines have been
at the cutting edge of technology for many years with security-minded
machines. After creating the technology designed to deter would-be
robbers, Tidel moved right on to offer the first dial-up ATM available
to the general public. These ATM machines are also very compact
so that they’ll fit in the smallest imaginable space, all
aimed at what the company calls “low cost, high reliability”
technology. When you consider Tidel’s commitment to developing
new ideas, you can probably imagine yourself as part of this winning
This company is based in Texas and produces a variety of self-service
machines, such as ATMs.
If you answered yes to both of these ATM related questions. Then I’m about to show you why you need to buy an ATM machine and how your going to make a great profit with little or no effort.
The key to being successful in the ATM business is to find ATM placement locations that will make you money. ATM sales are based on traffic count, so let’s figure out how many people will use your new ATM machine on a daily basis. The formula I am about to show you is the same formula that is used by every ATM dealer and ATM distributor in the country when placing ATM machines. Trust me when I tell you this formula is tried and true.
The next question is how much will your new ATM machine cost. This question is a little harder to answer simply because there are so many ATM machines to choose from. Such as Class 1 Armored ATM machines, Indoor ATM machines like the Triton 9100 ATM machine, Through-The-Wall ATM machines, Scrip ATMS, etc. But one thing I can tell you is that 75% of the ATM machines used in non-bank locations are non-armored ATM machines. A good non-armored ATM machine is the Triton 9100 ATM machine. The Triton 9100 ATM can be purchased from either an ATM dealer or an ATM distributor servicing your area. The price for the 9100 should range between $2,950 and $3,800 depending on what options you choose.
So there you have it, if you have customers that are currently asking you for the closest ATM, or if you have a large amount of foot traffic coming in or walking by your location on a daily basis. Then you will most defiantly profit from owning your very own ATM machine.
Free ATM Placement Programs - What are the benefits of a free ATM placement?
Free ATM placements are, in my mind, the best way to take advantage of the ATM boom. No headaches, no investment, no worries. So the only thing you should think about now is which ATM distributor you want to go with for your new ATM placement.
This is where ATM Machine Quotes comes in. Simply submit your info outlining your current ATM needs. You will then be contacted by two or three of the most reputable ATM distributors in the country with in 24 hours. Then you can shop and compare the offers from both ATM distributors and ultimately choose the best ATM machine distributor that fits your ATM needs.